News
Palm Oil Climbs a Third Day
Palm oil advanced for a third day to the highest level in almost two weeks on speculation that rising exports from Malaysia may help pare stockpiles in the world’s largest producer after Indonesia. The contract for July delivery climbed as much as 1.6 per cent to RM2,326 a metric tonne on the ...
China Conducts Its First Successful Bio-fueled Airline Flight
SHANGHAI, April 24 (UPI) — China says is has successfully conducted its first airline flight powered by self-developed biofuel made mainly from palm oil and recycled cooking oil. An Airbus A320 operated by China Eastern Airlines landed at Shanghai Wednesday after an 85-minute journey usin...
CPO Futures End Mostly Higher
KUALA LUMPUR: Crude Palm Oil (CPO) futures contracts on Bursa Malaysia Derivatives closed mostly higher amid bargain hunting activities. Phillip Futures Sdn Bhd Investment Analyst David Ng said firmness in the Chicago soyabean market also lifted palm oil prices. “Traders are cautious before th...
Indonesia to Limit Size of New Oil Palm Estates
JAKARTA: Indonesia is working on a regulation to restrict to 100,000ha the plantation area of new private palm oil firms, a government official said, as the world’s top producer of the edible oil seeks to open up the industry to smaller players. The law, an amendment to a 2007 regulation, woul...
Palm Oil Ends Higher Wednesday
Malaysian palm oil futures rose on Wednesday as buying interest surged after earlier losses, while hopes that near-stagnant output from the world’s No.2 producer would help ease inventories also underpinned sentiment. But bleak economic data that stoked concerns about a slowdown in global demand for...
CPO Futures Up on Short-covering
KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives rebounded yesterday on short-covering despite slowing export demand. Interband Group senior palm oil trader Jim Teh said the market has been on the downtrend for the past few days following sluggish exports data and be...
